Case Studies

R&D Tax Credits for Architecture & Engineering

A Comprehensive Source Advisors Case Study

R&D Tax Credits for Architecture & Engineering

In the Architecture & Engineering industry, R&D is a cornerstone of innovation. Yet, understanding and claiming R&D tax credits can be a labyrinth. This detailed case study unpacks how Source Advisors navigated these complexities to secure substantial financial benefits for a structural engineering firm.

What Qualified as R&D?

The firm engaged in a broad range of R&D activities—from Green Building Design and seismic analysis to stress factor evaluations. This involved numerous design iterations, data collection, testing, and simulation runs.

The Source Advisors Solution

Source Advisors stepped in following a recommendation from the firm’s audit partner. A feasibility analysis was first conducted to give an estimate of the potential R&D tax credit benefits.

Services Delivered

Feasibility Analysis

A preliminary calculation that estimated a tax credit benefit in the range of $200,000-$300,000.

Technical Direction

Provided by a seasoned technical director to ensure the rigorous documentation of R&D activities.

Educational Seminars

In-depth seminars were conducted to educate the firm's team on R&D tax credits, making the process transparent and understandable.

The Results Speak for Themselves

After the completion of the comprehensive study, Source Advisors identified R&D tax credit opportunities that resulted in:

$ 0
in federal tax credits
$ 0
in state tax credits

These credits provided a significant boost to the firm’s financial position, allowing them to channel more resources into innovation and R&D activities.

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With Source Advisors, the structural engineering firm not only identified but also successfully claimed substantial R&D tax credits, fueling further innovation.

Don’t miss out on the R&D tax credits you’re entitled to. Contact Source Advisors to turn your R&D investments into financial advantages.

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